what a mess,no one knows..but if its trading at 23c the odds...

what a mess,no one knows..but if its trading at 23c the odds favour a failed takeover using the well known axiom
"markets are always correct"

but is it?

i think the market is showing a reflection of longterm holders perhaps emotionally already having spent the 30c and not wanting to risk it going back to 15-18c, now hoping for 5c and now today 7c upside selling out

there other side could well be the informed hedge funds,but thats a guess

MMK could be delaying but i doubt it.They are either in or out
if its out then the appearance will be the same as if its was in,meaning they could have a loan already to go,set up a bank account to transfer money into AUD you name it.

Perhaps after looking at their finances , MMK'S bankers are out playings games here and this is their way of saying no more debt..who know's

one point and lesson learnt for me is there was no second bid and i had at a chance to sell at 29.5c for a good day or so and i didnt,

see you never see it coming and that will never change

the axiom should be "you know or you don't"